Flow Traders NV: Flow Traders nominates Marcel Jongmans as CFO
(Thomson Reuters ONE) -
For immediate release
Flow Traders nominates Marcel Jongmans as CFO
AMSTERDAM, The Netherlands, 13 June 2016 - The Supervisory Board of Flow Traders
N.V. ("Flow Traders") (Euronext: FLOW) has nominated Marcel Jongmans for
appointment as CFO and as a member of Flow Traders' Management Board. His
appointment will be submitted to the Dutch Central Bank for regulatory approval.
The company envisages to convene an Extraordinary General Meeting to decide on
his proposed appointment this autumn, following regulatory approval.
Eric Drok, Chairman of Flow Traders' Supervisory Board said: "Given the
company's continuing, rapid growth over the last years we are very pleased to
have found Marcel as our new CFO. He brings a unique opportunity to add lots of
industry knowledge and experience, further strengthening our Management Board.
We look forward to cooperating with him."
Sjoerd Rietberg and Dennis Dijkstra, Flow Traders' Co-CEOs, said: "We are
excited to welcome Marcel as a colleague. We have worked with him for a very
long time. We think he is a highly skilled person and a valuable addition to our
management board, also to support our rapid growth."
Marcel Jongmans has 28 years of experience in the financial services industry,
starting at MeesPierson. He subsequently held positions at Fortis Bank and ABN
AMRO Clearing Bank N.V., at which he served as CEO for the last 12 years.
Flow Traders is a leading global technology-enabled liquidity provider
specializing in exchange traded products (ETPs). We provide liquidity in ETP
markets 24 hours a day while seeking to stay market neutral at all times and
without having directional opinions. While we do not have any clients, we enable
investors to buy and sell ETPs efficiently by quoting bid and ask prices. We
seek to earn small amounts of money on large numbers of individual transactions
based on the differences between our ETP prices and the prices of the underlying
or related instruments. Investors benefit from our activities due to increased
liquidity, higher execution quality and lower overall trading costs. As such, we
contribute to more efficient and transparent securities markets. We provide
liquidity in over 4,700 ETP listings across the globe, tracking all underlying
asset classes, including equities, fixed income, commodities and currencies with
access to over 96 trading venues in 33 countries around the world. The Company
has been named Europe's number one ETF Market Maker at the Annual Global ETF
Awards for the last nine consecutive years - 2007 until 2015, and Asia-Pacific's
number one ETF Market Maker for four out of the last five years -
2011, 2012, 2013 and 2015. Flow Traders is headquartered in Amsterdam, The
Netherlands, with trading offices in Asia and the US, covering all time zones.
Flow Traders' shares are listed on Euronext Amsterdam (symbol: FLOW). For more
information, please visit: www.flowtraders.com.
ENDS
NOTES TO EDITORS
Contact Details
Flow Traders
Serge Enneman / Investor Relations Manager
Phone: +31 20 7996799
Email: investor.relations(at)flowtraders.com
Important legal information
This press release is prepared by Flow Traders N.V. and is for information
purposes only and the material contained in this document is provided 'as is'.
It is not a recommendation to engage in investment activities and you must not
rely on the content of this document when making any investment decisions. The
information in this document does not constitute legal, tax, or investment
advice and is not to be regarded as investor marketing or marketing of any
security or financial instrument, or as an offer to buy or sell, or as a
solicitation of any offer to buy or sell, securities or financial instruments.
The information and materials contained in this press release are provided 'as
is' and Flow Traders N.V. or any of its affiliates ("Flow Traders") do not
warrant the accuracy, adequacy or completeness of the information and materials
and expressly disclaim liability for any errors or omissions. This press release
is not intended to be, and shall not constitute in any way a binding or legal
agreement, or impose any legal obligation on Flow Traders. All intellectual
property rights, including trademarks, are those of their respective owners. All
rights reserved. All proprietary rights and interest in or connected with this
publication shall vest in Flow Traders. No part of it may be redistributed or
reproduced without the prior written permission of Flow Traders.
This press release may include forward-looking statements, which are based on
Flow Traders' current expectations and projections about future events, and are
not guarantees of future performance. Forward looking statements are statements
that are not historical facts, including statements about our beliefs and
expectations. Words such as "may", "will", "would", "should", "expect",
"intend", "estimate", "anticipate", "project", "believe", "could", "hope",
"seek", "plan", "foresee", "aim", "objective", "potential", "goal" "strategy",
"target", "continue" and similar expressions or their negatives are used to
identify these forward-looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties, assumptions and other
factors because they relate to events and depend on circumstances that will
occur in the future whether or not outside the control of Flow Traders. Such
factors may cause actual results, performance or developments to differ
materially from those expressed or implied by such forward-looking statements.
Accordingly, no undue reliance should be placed on any forward-looking
statements. Forward-looking statements speak only as at the date at which they
are made. Flow Traders expressly disclaims any obligation or undertaking to
update, review or revise any forward-looking statements contained in this press
release to reflect any change in its expectations or any change in events,
conditions or circumstances on which such statements are based unless required
to do so by applicable law.
Financial objectives are internal objectives of Flow Traders to measure its
operational performance and should not be read as indicating that Flow Traders
is targeting such metrics for any particular fiscal year. Flow Traders' ability
to achieve these financial objectives is inherently subject to significant
business, economic and competitive uncertainties and contingencies, many of
which are beyond Flow Traders' control, and upon assumptions with respect to
future business decisions that are subject to change. As a result, Flow Traders'
actual results may vary from these financial objectives, and those variations
may be material.
Efficiencies are net, before tax and on a run-rate basis, i.e. taking into
account the full-year impact of any measure to be undertaken before the end of
the period mentioned. The expected operating efficiencies and cost savings were
prepared on the basis of a number of assumptions, projections and estimates,
many of which depend on factors that are beyond Flow Traders' control. These
assumptions, projections and estimates are inherently subject to significant
uncertainties and actual results may differ, perhaps materially, from those
projected. Flow Traders cannot provide any assurance that these assumptions are
correct and that these projections and estimates will reflect Flow Traders'
actual results of operations.
By accepting this document you agree to the terms set out above. If you do not
agree with the terms set out above please notify
legal.amsterdam(at)nl.flowtraders.com immediately and delete or destroy this
document.
160613 Press Release CFO nomination:
http://hugin.info/171622/R/2019642/749888.pdf
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(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Flow Traders NV via GlobeNewswire
[HUG#2019642]
Unternehmensinformation / Kurzprofil:
Datum: 13.06.2016 - 08:01 Uhr
Sprache: Deutsch
News-ID 477144
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contact information:
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